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Financial Guarantee Insurance Contracts - Summary of Information Related to Policies Currently Included in Ambac's Loss Reserves or Subrogation Recoverable (Phantom) (Details) - USD ($) $ in Millions	Mar. 31, 2021	Dec. 31, 2020	Mar. 31, 2020	Dec. 31, 2019
Schedule of Insured Financial Obligations with Credit Deterioration [Line Items]
Loss Reserves Ceded To Reinsurers	$ 33	$ 33	$ 35	$ 26
Loss and loss expense reserves	1,662	1,759
Subrogation recoverable	(2,076)	(2,156)
Liability for Claims	(414)	(397)	(395)	$ (482)
Ceded Loss And Loss Expenses Paid Not Yet Recovered	$ 0	$ 1	$ 1

X

- Definition

Ceded Loss And Loss Expenses Paid Not Yet Recovered

+ References

No definition available.

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- Definition

The known and estimated amount recoverable as of the balance sheet date from reinsurers for claims expected to be paid or incurred by the ceding insurer.

+ References

No definition available.

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- Definition

The amount needed to reflect the estimated ultimate cost of settling claims relating to insured events that have occurred on or before the balance sheet date, whether or not reported to the insurer at that date.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 40
-Section 50
-Paragraph 3
-Subparagraph (a)
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- Definition

The amount needed to reflect the estimated ultimate cost of settling claims relating to financial default insured events that have occurred on or before a particular date (ordinarily, the balance sheet date) and the amount needed to provide for the estimated ultimate cost required to investigate and settle claims relating to insured events that have occurred on or before a particular date (ordinarily, the balance sheet date), whether or not reported to the insurer at that date.

+ References

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 20
-Section 50
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- Definition

The estimated amount as of the balance sheet date to be received by an insurer from the sale of property (usually damaged) on which the insurer has paid a total claim to the insured and has obtained title to the property and the right of an insurer to pursue any course of recovery of damages, in its name or in the name of the policyholder, against a third party who is liable for costs relating to an insured event that have been paid by the insurer. Estimated salvage and subrogation is generally deducted from the liability for unpaid claims.

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Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

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